Aided by the weather abroad, the dollar had its biggest daily drop in two months and returned to close to R$ 5.50. The stock market recovered from the losses of recent days and had its first weekly high, after two consecutive weeks of decline.
The commercial dollar ended this Friday (5) sold at R$ 5.523, with a retreat of R$ 0.083 (-1.49%). At the low of the day, around 3:30 pm, the price dropped to R$ 5.50. That was the biggest one-day drop since Sept. 9, when the US currency had fallen 1.8%.
With today’s performance, the currency ended the week, which was shorter due to the All Souls’ Day holiday, down 2.12%. In 2021, the dollar accumulates an increase of 6.44%.
In the stock market, the day was also marked by recovery. The B3 Ibovespa index closed the day at 104,824 points, up 1.37%. Despite yesterday (4), the indicator reached the lowest level in almost a year, today’s appreciation was enough to make the index end the week with a high of 1.28%, interrupting two consecutive weeks of losses. Even with the high this week, the Ibovespa has accumulated a loss of 11.93% since the beginning of the year.
Two factors increased optimism in the international market this Friday. The first was the strong job creation in the United States in October. According to investors, the indicator came in above expectations, but not high enough to pressure the Federal Reserve (Fed, US Central Bank) to anticipate the hike in interest rates in the largest economy on the planet.
The second factor that helped the global market was the disclosure that a pill developed by Pfizer reduced by 89% the risk of hospitalization or death in adult patients with covid-19 comorbidity. In Brazil, the auction of the 5G frequency and the disclosure of balance sheets of companies with profit growth boosted the local stock exchange.
* With information from Reuters
